UK govt financing

Discussion in 'Property Market Economics' started by Omnidragon, 9th Apr, 2020.

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  1. Omnidragon

    Omnidragon Well-Known Member

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    Very interesting. There was a thread about differences between govt financing via issuance of new bonds or directly printing money.

    Now UK beginning to go down the latter, although they don’t frame it as such, and call it a short term overdraft between Treasury and BOE
    Subscribe to read | Financial Times

    They say it’s temporary (all govts would say that of course otherwise currency risk anyway I would’ve thought) but it’s pretty addictive once you get on it I think. If other countries start following will be interesting
     
    James Bond likes this.
  2. Waterboy

    Waterboy Well-Known Member

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    same same
     
  3. grk349

    grk349 Well-Known Member

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    Down the road, socialist Australia will go down the path of austerity to try and get back in the black.